NEW YORK , N.Y, and PRINCETON , N.J. , Feb. 5, 2009 – OES MarketGroup announced today that it is now providing a single point of contact to and a conversion solution for NYSE and NYSE Alternext U.S. Equity CMS order entry to a new order entry system, the Common Customer GatewaySM (CCG).
OES to Provide NYSE Euronext Members a CMS to CCG Conversion Solution
OES said it is deploying a proprietary technology interface and platform for NYSE Euronext that provides a CMS FCS and CMS FIX 4.1 protocol translator into the protocol for CCG.
“The OES interface and platform act as a technology bridge to facilitate the migration of NYSE Euronext member firms over to CCG, or to remain on the CMS interface,” said Dave Scheckel, the company’s CEO. “OES is very pleased to provide the Exchange and its members a seamless CMS to CCG conversion solution that supports multiple protocols.”
“OES is providing a comprehensive conversion solution for Exchange members,” said Lou Pastina, executive vice president, NYSE Euronext. “As of January 1, 2009, the NYSE has effectively completed the migration of all NYSE and NYSE Alternext U.S. Equity CMS order entry to CCG. We look forward to working with OES and other providers to ensure the highest quality service for our customers.”
With the implementation of the CCG system, NYSE Euronext estimates that its customers should experience a reduction in latency when accessing the NYSE and NYSE Alternext U.S. cash equity markets. The CMS system remains available for the NYSE Amex Options business until the migration of NYSE Amex Options to the NYSE trading floor, which is expected to occur in March 2009.
About OES MarketGroup
Order Execution Services Holdings, Inc. (OES, www.tradeOES.com), through its wholly-owned technology and broker-dealer subsidiaries, provides seamless electronic market connectivity, liquidity access and rapid executions by linking broker-dealers, trading systems, exchanges and market centers. As an innovative securities industry leader, OES specializes in smart order routing, Reg NMS and MiFID compliance tools, sponsored market access, agency execution and private inter-market linkages. Closely-held, OES is headquartered in Princeton , N.J. , with offices in Newark , Chicago , Los Angeles , Zurich and London .
About NYSE Euronext
NYSE Euronext (NYSE:NYX, www.nyx.com) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contact: Dave Scheckel/OES MarketGroup
Contact: Eric Ryan/NYSE Euronext